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20VC: Kleiner Perkins' Mamoon Hamid on Investing Lessons from Leading Rounds in Figma, Slack and Rippling | Lessons Building a Generational Defining Firm with Kleiner Perkins | AI: Where Value Accrues, Startups vs Incumbents & Scaling Laws
Mamoon Hamid
I don't. It's a bit like the hyperscalers thinking they can do everything and they've decided that that's a great business model is to own the electricity and then just charge for by the hour or the kilowatt hour. That's a pretty darn good business model for the hyperscalers that provide the models and opening eye.
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